No real estate belonging to the City shall be sold or leased unless so directed by the Board of Control and except pursuant to an ordinance setting forth the following:
(a) A description of the real estate to be sold or leased;
(b) A finding that the real estate is not needed for public use;
(c) The reason for selling or leasing the real estate;
(d) In case of lakefront lands, a finding that the sale or lease of the real estate is in conformity with the provisions of Charter Section 45;
(e) The kind of conveyance or lease to be given by the City.
(Ord. No. 2069-58. Passed 12-15-58, eff. 12-17-58)